Skip to main content

About your Search

20121129
20121207
STATION
CNBC 6
CNNW 5
MSNBCW 5
COM 4
CSPAN 3
FBC 2
CSPAN2 1
KICU 1
KPIX (CBS) 1
KTVU (FOX) 1
LANGUAGE
English 32
Search Results 0 to 31 of about 32 (some duplicates have been removed)
for this fiscal cliff deal are off the table. >> jon: okay so, the only way to solve there sen titlement reform and tax revenue and those are both off the table so-- i don't want to close my eyes ♪ ♪ i don't want to fall asleep ♪ ♪ because i miss you girl ♪ don't want to miss a thing ♪ ♪ (laughter) >> jon: really? pen microphone? i guess this means there's no way of avoiding the fiscal cliff, the self-imposed fiscal-friendly fire. unless, no, no, way. i could never -- perhaps. we can solve this numbers problem with words. >> frankly i call the fiscal abyss. >> more like y2 k. >> more like a bermuda try and egg. >> more like a grand canyon. >> taxmageddon. >> it's a hill. >> jon: hill, hill, that last one i like that last one. hills are much less scary than cliffs. or canyons or bombs, or mageddons. rather than fixing there, why don't we just call this bad thing something less bad. >> it's more like a fiscal slope. >> i think it's an austerity sloping crisis of some kind. >> jon: now we're cooking with gas, or whatever we're renaming the compressed fuel vapors ignited for food prep
thoughtful deal -- >> right. >> -- they say that it's not a fiscal cliff, it's, you know, more of a slope. having said that, what is your thought on the psychological impact if we go off the cliff? >> it's huge. it's tremendous. it's absolutely tremendous because it will go across the board from regular americans who are going to see their taxes go up from $500 to $2,000 for middle-income household. this is going to affect their bottom line tremendously. that's groceries. that's saving money. that's their savings money for the year. but also what about mortgage interest? will that affect the housing market? there may be initial -- basically, it will go back down again, the housing market. or if it gets phased in, maybe we'll see a jump because people will rush in before the deduction completely goes away. but i think there's a lot of concern and a lot of panic among regular americans about will i lose these tax deductions? and what's that going to do to the ability to pay all my bills? >> yeah, and that might just freeze people from spending when we've just gotten consumer confidence back
the house budget committee where elements of a fiscal cliff deal are to be considered. meanwhile president obama held his ground insigs on higher tax rates for the top 2% of the wealthiest americans. >>> the political wrangling but a damper on wall street as stocks finished slightly lower in a light strad trading day. the dow jones industrial lost 13, the nasdaq shed 5. shares in oakland-based pandora are plum etting after hours. the internet radio company posted better-than-expected quarterly results but lowered its outlook for the rest of the fiscal year. the company is facing stiffer competition from the likes of apple and microsoft. both companies are launching their own music service. pandora shares dropped 17% after the closing bell. >>> now, numbers and new numbers show home sales in california remain steady, a sign of the recovering housing market, but as john reports, in one bay area community, the supply of homes on the market is as tight as can be. >> tuesday's in walnut creek are normally reserved for real estate brokers to tour each other's available homes, but today the inven
the hang seng gained 2%. wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
republicans have offered their own solutions to the fiscal cliff. but we're no closer to a deal. joining me now is senator isa isaacson. good morning, senator isaacson. i assume you stand by what you said just two weeks ago. so let me ask you this. the initial offer by speaker boehner, is it fair to say -- is it fair that the white house is calling it an unserious offer since it doesn't do anything on tax rates? >> no, i dent think so at all. i think it's more reflective of a simpson-bowles. it's a first step. i made a living selling houses for 33 years. i don't get people together until they finally sit down 0 at the table and negotiate. it's still too much posturing, too much the president wants it his way, somebody else wants it that way. i believe tom coburn was right. it's time to sit down in a room, see if we can work this out. going off the cliff would be a stupid idea. >> i want you -- david brooks this morning writes this in "the new york times." republicans have to realize that they are going to cave on tax rates. the only question is what they get in return. do you agree? >> not
with the decisions? what do americans, average americans, want to see in a fiscal cliff deal? steve leisman here now with our exclusive results of the cnbc all-america economic survey. what do americans want, steve? >> what you would expect. free stuff, tyler. actually, no, we'll get into that in a second. first we want to show you results of our december cnbc all-america survey. what we asked about the fiscal cliff. the first thing we wanted to establish is do people know about this thing? we looked at some of the other times we've asked this. what we'll see right here is other situations where they knew it, where other main stories that were out there. for example, the trayvon martin shooting. 91% of americans knew about that. occupy wall street, 80%. going forward what you have here, facebook, 72%. all the way down to 70%. you can look at this a couple ways. here's the greek financial crisis. 30% of the public not really paying attention to. inside that 70% number, 36% have know a lot about it. we'll compare with other stuff we asked last time about when they had a debt -- big deficit debate. we
the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth of stimulus spending next year. now, it doesn't promise $400,000,000,000 worth of spending cuts but congressional republicans call the deal unbalanced and unreasonable and saying there is not enough spending cuts and reforms. the one good piece of -- piece of good news to the white house on this is it shows president obama is opening strong not conceding. we will be right back. arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them, you're put on this planet for something more. i want this show to have an impact beyond just informing. an impact that gets people to take action themselves. as a human being, that's really important.
on that in a moment. >> investment banks paralyzed by the fiscal cliff. we'll find out what it will take to get deals going once again. >> we expect the president to speak on the fiscal cliff before the business roundtable. we'll bring you his comments live. citigroup cutting 11,000 jobs taking a billion dollar charge. kayla tausche has more. >> investors see this as a positive. a big move for a new ceo who is just getting his sleeves rolled up. the cuts will span across nearly all of the company's divisions but biggest slice of the pie coming from global consumer banking cutting 6,200 jobs there. the cuts are broad. nearly 2,000 jobs cut from the institutional clients group including investment banking six times the layoffs reported to take place in the securities business earlier this month. jim cramer said earlier that it feels like citigroup has been cutting jobs forever but that's because the bank has downsized by a third since peak employment in 2007. most of that cutting took place after he took the reigns. it will have 261,000 jobs once these cuts are done. the 11,000 announced today is a big
of this fiscal cliff deal. that includes house democrats. and how do i go about doing that without totally alienating the base of my party? and i'm very curious to see what his next step is because his opening offer was essentially where he said he could only go in the debt ceiling bargains of july 2011. he said i can go to $800 billion in revenue, i can do these specific entitlement reforms. that's now his opening offer. where does he go here? >> i think, though, steve that the president of the united states and mr. lew and other democrats need to start looking at him differently. he is like an attorney that knows what his client is going to give and what his client's not going to give. we all know john boehner. john boehner's a deal maker. i didn't -- i liked him personally, but i never trusted him in congress because, you know, he liked making deals. that's what we need right now. the president can only push him so far. or he loses his caucus. and this is not about john boehner kicking and screaming. this is about him knowing what he can deliver. >> i understand that. john boehner has,
] break from the holiday stress. fedex office. >>> negotiating a deal on the fiscal cliff. they say a good compromise leaves everybody unhappy, but can house speaker john boehner rise above the partisan politics and still escape the wrath of his tea party? we'll ask former house majority leader dim armey. >>> and we've seen some major executive shake-up these year. management guru jeffrey seinfeld will join us to grade the hires and fires of 2012. >> the third hour of "squawk box" begins right now. >>> welcome back to "squawk box" here on cnbc first in business worldwide. i'm joe kernen along with becky quick. andrew ross sorkin is off today. our guest host this morning, steve mcmahon, co-founder of purple strategies and david walker, founder and ceo of the comeback america initiative. more from them in just a minute. first, we have some headlines for you this morning. let's begin with the markets and the looming fiscal cliff. the dow finishing november lower. and that is the second consecutive month. the blue championships fell .5% in november. 3% since the start of october. the nasdaq an
with the people. that's what the deal is. i think the fiscal cliff is just a big red herring to get rid of the social programs. i have read this in the constitution. your district has the shortest life span in the country, the highest infant mortality rate for children, the highest per capita for people without health insurance, and we follow mississippi. they are ahead of us in that area. i think that is where you are leading the country. if the people of the united states want to see where you and the republican party have taken the country, come and look at your district. >> guest: i would be delighted for people to look at my district. i think it's a great district. 14,000 farms and ranchers to tremendous military installations. you're right next to the field artillery. the colleges and universities, 11 indian tribes and about every ten years or so the best college team in america. it's a special place pitted i would argue with your statistics, but -- i do think i would reflect what people in my district think. i won the election with 68% of the vote and as you were kind enough to p
falling over the fiscal cliff and get a deal! in part because the two sides aren't that far apart. they sound like they are but they may not be. both sides recognize that we will be in a recession very quickly, maybe even as soon as the second quarter --. >> ah! >> if they don't compromise. so listen to me. the tax hikes are so severe. [ audience boos ] >> the spending cuts, particularly the cuts to the military, are so draconian even some of the most extreme republicans who think compromise is a total betrayal, they fear the economic consequences of cliff jumping. once a deal is reached, if we want to fight over tax rates, tweaks, and deductions, it could be game on in 2013. i don't regard this as kicking the can down the road. i believe this will be comprehensive enough to address everything from the roll back to the clinton year capital gains rates, sorry, that's a tough one to swallow, i know, i think it's going to happen. to a plan to keep tax the same for 98% of americans and raise the debt celling so we can at least for a year put washington in the rear-view mirror. wow, ca
and urging them to get an agreement on that fiscal cliff. an expert lesson on the art of getting the deal done. >>> plus, wake up and smell the coffee, a bullish call today on dunkin' brands and other players. we have the smartest flies cav nate your portfolio, when we come back. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> people becoming more conservative and i think that had an impact in had the growth in '13 all things being equal and in danger if this thing stringings out into '13 start to have problem what is '14 would look like. >> that was bank of america ceo brian moynihan speaking exclusively with our becky quick on the impact of the fiscal cliff, repercussion does go well into 2014 inside now from one of the best known negotiation experts around, harvard business school professor deepak ma hallow and author of "i moved your cheese" and geni
the compromise. >> we will go around the former members of congress. do they cut a deal to avoid the fiscal cliff before we actually get there? >> i believe so. >> senator? >> yes. the treasury secretary says withholding taxes and does not have to raise them even if the taxes go up. why sequester does not have to be month by month. you can do the sequester in the last 12 months. he gives the congress four or five months into the next year before the house to reach a deal. >> they could kick the can down the road. who thinks the market will not let them do that? there will be punished. sooner rather than later, you think? we have not seen it so far. >> i am in the camp of, the herd will turn. erskine bowles was a famous line. we got away with this last time because we were the best-looking horse in the glue factory. we are not going to get a pass this time. there is no question. who will get punished. and that is very dangerous for everyone, all of us. >> it is great for me to remind you -- you can watch the president on bloomberg television shortly. he is going to be on at 12:30. thank you for a
it seriously. you have to get a sense that both sides understand the serious nature of this fiscal cliff and they do want a deal to get done. so they are looking for ways to find some kind of agreement. they are looking at outside groups today as well. the president will meet with half a dozen governors, arkansas, minnesota, utah, wisconsin, republican governor from wisconsin scott walker, a critic of this president. he will be meeting with them. those governorses are meeting with senate majority leader harry reid, house speaker john boehner. the reason they're here and want their voices heard if, indeed, this worst-case scenario happens, this fiscal cliff as we've been calling it, it will impact their state's economies. according to the ppew report, these states rely on federal money. things like education would be impacted. they're here to put pressure not only on the president but lawmakers up on the hill to get this deal done. >> takes place in about an hour. dan loathian, reporting from th white house. >>> nearly 15 million households rely on food stamps. republicans say it's far to
for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is efficiently absorbed in small continuous amounts. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ have led to an increase intands toclinical depression.re. drug and alcohol abuse is up. and those dealing with
to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >> hi. >> you know, i can save you 15% today if you open up a charge card account with us. >> announcer: we all lo
is running out for lawmakers to strike a deal to avoid the fiscal cliff. negotiations appear to be turning much more into a game of political brinksmanship. both parties pointing the finger at the other. we're keeping them honest next. ♪ [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. anyone have occasion
the biggest impact. he wants to see not just a solution to the fiscal cliff but a deal that addresses problems that go well beyond the january 1st deadline for the sequester. >> i think that if this doesn't move forward with a solution to actually start to lay out ground work to solve long-term issues, it could be disappointing even if it is fixed. >> we have talked to ceos that say they have to go to boards and lay out plans for what they're planning on doing in january and they have to move forward with the plan that has an assumption we don't get a solution. do you hear that from your clients? >> absolutely. i think it's not january. they were forming these plans in august and september. even leading up to that people becoming more conservative. that's had an impact on the growth in '13 all things being equal and i think we're in danger if this thing strings out into '13, you could have problems of what '14 would look like. they make the budget in half a year. the decisions are should i add new equipment? what would final demand be? all of that is done for corporate america for '13. you are
of deal would be reached to avoid the fiscal cliff. i know it is hard to read the tea leaves because in the meantime you have these offers viewed by each side as not serious, kind of like fiscal cliff bungee jumping. people jump in and spring back out. but i believe the odds are good that there will be some sort of deal before the cliff. >> let's get into the longer- term deal -- everyone believes entitlement reform and tax reform is going to take place in 2013, maybe 2014. but just in the short term, can the republicans, can enough republicans say, we do not like it, but we are going to go along for now with the 39.6% rate and come back with a promise of next year of trying to lower and broaden the base? >> i would much prefer that we do the kind of pro-growth reform that i laid out in a bill a few weeks ago, not thinking that this bill is going to become law, but a way to show a path forward with $4.5 trillion in savings. i think that in the event that the house feels that, when they see that the senate is obviously controlled by the democratic party, you have a democratic presiden
. that is not a good deal and suggests that more and more democrats are thinking we should go off the fiscal cliff. >> biggest democrat to know about cliff diving is the president. >> that's right. he is the x-factor and the president is not a good negotiator. sometimes it is a shadow play we have been through before. we went through it with the debt ceiling deal . read bob woodward's deal. the president really again has a misunderstanding of compromise is. he thinks he's in power and basically the republicans should give him whatever he wants and his relationship with boehner doesn't leed lead to results. i am afraid we'll have another bad solution just like we did in 2011. >> gretchen: the cliffhanger in the whole thing. there is midterm elections coming up for some congressional democrats and republicans, do they really want to go off the cliff and be up for reelection in 20 months? >> that's right. there is an argument of thought that the president is bluffing. can because most economist and the congressional budget office said the economy will q. into another recession. does the president wan
president bill clinton, interesting words on the fiscal cliff. in an event in sacramento, the president declared the whole standoff between president obama and the republicans as, quote, just a kabooky dance, two dogs that meet each other over a piece of meet, sniffing each other out, and moving towards a deal. with that elegance in mind,d, we welcome author of "the amateur," best selling author we have to say. friction here. that's not a helpful thing to say. i mean, he's not talking higher taxes, but dog sniffing which probably does -- may not offend the participants, i don't know. there's a little problem between the white house and mr. clinton. >> before i came on your show tonight, i spoke with sources who e very close to bill and hillary clinton, and they told me that bill clinton and barack obama ave had a major falling out. lou: wow, afterll the campaigning? the elegant speech, really? >> because of this estrangement, i'm told, is back to the presidential election when clinton struck a deal with obama. in the deal, clinton said he'd give the nominating speech and go out and cam
to raise revenues and cut spending. during a fla tla debate on the fiscal cliff today, the house will not adjourn for the holidays until they have reach add deal. >>> on wall street today it was a mixed day on the market. the dow jump td almost 83 points t. nasdaq fell about 23 points and the s & p 500 was up a little more than two points. >>> anger over action by egypt's new president turned into another violent protest today outside the presidential pals a. there are reports some demonstrators broke through barbed wire and hurled chairs and rocks at police and that people in support of the president beat some protesters with clubs. president morsey angered many people with the decree last month that gave him more power. secretary of state hilary clinton said today the unrest shows an urgent need for dialogue on both sides. >>> the u.s. state department confirmed today it is looking into reports that syrian president may be seeking asylum in another country. reportedly president is look to latin america for asylum for his family and members of his inner circle. the priority righ
, to that dreaded fiscal cliff. here are today's "top lines." you cannot be serious. >> you think we'll get a deal by the end of the year? >> i do. >> flabbergasted. i looked at him and said you can't be serious. >> you cannot be serious! >> the president's idea of a negotiation is roll over and do what i ask. >> bark like a dog. a big dog. >> would haof. >> he doesn't stamp his feet and get his way. >> i want to you get me one right away. >> every republican who has impure thoughts has to go back to the drawing board. >> you have to check your mirror. >> i would say we're nowhere. >> they're chasing us. >> i think we're going over the cliff. >> don't drive angry. >> we have already gone over the cliff. how hard are we going to thump down there at the bottom? >> there's no smooth transition from a ballet to led zeppelin. >> we need that extra push over the cliff. we do. >> some hotel rooms trashed, mayhem all around. so it's fitting we're doing this in a room where windows that are about 3 inches thick. >> when you win the presidency, you're walking around with your chest puffed out. >> they must
charming, engaging, how winning is that demeanor, is it at all, in dealing with john boehner and the fiscal cliff? >> i think they're kind of past all that at this point, right? i mean, i don't think the demeanor's really going to help at this point. they've been through this -- they've done this dance before. most of the players who are involved in this negotiation are the same players that were involved in the negotiation that happened in the summer of 2011 over the debt ceiling. and so these guys know each other pretty well by now, and i think the president and john boehner, even after all of that, still have a reasonable working relationship. but i think that the president's people have made a very clear calculation, they decided that they tried a way of negotiating in 2011 which was to be what they think of as reasonable. to come in and say, put your cards on the table. this is where we think a good deal will end up. $3 in spending cuts for $1 in tax increases. here's a bunch of medicare cuts on sbilentitlement. show your hand. this is what the president's willing to do. meet me here i
of -- mr. blumenauer: there is a great deal of hyperactive rhetoric about the fiscal cliff and the trouble ahead. the fact is that people should just take a deep breath and focus on where we are and where we need to go. first of all, it's not a fiscal cliff but a slope. there are many opportunities for us in the weeks ahead to be able to change the unsustainable trajectory of america's financial future. there are many efforts already evident and people taking steps to try and cope with it. the president campaigned very explicitly on raising the top tax rates. it was something that was embraced by democrats running for the senate and virtually all of them running for the house. . the house increased in democratic numbers. there were more democrats added to the house and more americans voted for the president and his vision, for the senate democrats and for democrats in the house than my republican friends on the other side of the aisle. it's encouraging that the president has decided that he's no longer going to negotiate with himself. he's laid out his positions, and has encouraged a respo
with us. have a good day. cheryl: always entertaining. despite the debate over the fiscal cliff and other problems facing us, the dow under 16 points right now. ways to play coming up. dennis: the netflix disney movie deal, we will tell you why netflix shareholders might want to turn some down. cheryl: ebay's plan to deliver the items that you really have to have now as in within the hour. dennis: and let's take a look at metal. i've been a superintendent for 30 some years at many diffent park service units across the united states. the only time i' ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a monoh at your local mercedes-benz dealer. dennis: 15 past the hour, stocks now every 15 minutes. tea
a fiscal cliff agreement. [ ♪ "world news tonight" ♪ ] the numbers are largely unchanged from the ones conducted right after the election. that's exactly what the president said. we're in the exit polls. to only 27% would blame obama if the country goes over the cliff. blah blah, blah. to that 64%ers who didn't believe it would have a major effect on the u.s. economy and 60% think that will be negative. who are republicans fighting for? not for a majority of americans. he's fighting for the top 2% who he says are actually small business owners. >> mmm no. >> stephanie: talk points are getting moldy. a $600 million a year hedge fund would qualify as a small business by paul ryan's misleading definition. regardless of the small business description, that still puts them in the 1% which is less than the majority of americans are compressed by the jobs. >> small compared to the planet jupiter. >> stephanie: right. all relative. [ laughter ] >> stephanie: i don't know what this means. [ ♪ "world news tonight"
Search Results 0 to 31 of about 32 (some duplicates have been removed)